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Something that is popping in my head more often lately: managerial capture.
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@pete see: regulatory capture for its etymological base.
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Ah, thx. Was having a tough time parsing that, but that makes sense now. Apply that now to the concept of "managerial capture," if you will.
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@greg in mine for several years. especially troubling when principal (in principal-agent problem) is public benefit rather than investors.
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